Dom98000 Hi, there has been one claim submitted so far and it was not approved.
Details are here: InsurAce 1st claim
I have also raised this during our due diligence and response from InsurAce below:
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<There has only been one claim so far and it has been rejected.
But you can see from our data pages that we have a lot of capacity for payouts relative to the capacity of any individual protocol.
So it would take a huge black swan event of numerous hacks on protocols we cover, at full capacity to ever not have the assets to payout.
You could look at it as we have been lucky not to have had a payout so far. But at the same time, a payout validates our protocol and shows proof of concept so we are not against it happening>
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